0 business activity and income that people do not record in order to avoid paying tax on it --
1 business activity that is illegal because tax on profits is not paid to the government: --
The scheme also discourages that nasty animal the black economy.
The tax loss in the black economy was estimated at £4 billion a year.
It enables our constituents to perceive the dark side of the black economy.
Such a scheme would help builders and reduce the large black economy, which has been with us for years in the west midlands.
The black economy operators would have to produce proper bills for householders, who would then claim tax relief on the amounts set out.
The size of the "black economy" and its effect on the unemployment statistics is not known with any certainty.
It is generally accepted that during the past decade there has been a massive increase in the size of the black economy.
It has caused much growth in the black economy and consequently yielded false figures for unemployment.
